The cryptocurrency market opened the last week of the first quarter of 2025 with a bearish sentiment, influenced by losses in the Chinese and Japanese stock markets.
Bearish Market Trends
The total cryptocurrency market cap dropped nearly 4% in the past 24 hours, standing at approximately $2.74 trillion. Ethereum's price fell over 9% last week to $1,809. The macroeconomic bearish conditions continue to affect altcoin valuations.
Ethereum Whales Signal Distress
For the first time since October 2024, U.S. spot Ether ETFs recorded a net cash outflow of $409 million in March 2025. On-chain data shows a major whale deposited 6,131 ETH, worth about $10.94 million, to Binance.
What Next?
After facing a strong resistance level, Ethereum's price entered a bearish trend. The drop below $1,907 signaled a potential macro bear market. The price might fall below $1,000 if current support levels aren't maintained. With the reciprocal tariff by the U.S. on April 2, selloff fears are growing.
The cryptocurrency market is under pressure, and the outlook for Ethereum and other cryptocurrencies will depend on macroeconomic factors and investor sentiment.
